JPMorgan Chase Unveils New Market-Linked Notes with Contingent Interest Payments

JPMorgan Chase Financial Company LLC, a subsidiary of JPMorgan Chase & Co., has introduced a new financial product tied to key market indices and an exchange-traded fund (ETF). The product is linked to the Russell 2000® Index (RTY), the S&P 500® Index (SPX), and the VanEck® Semiconductor ETF (SMH). These underlyings will determine the performance and payout of the notes.

The notes offer contingent interest payments, which are contingent on the closing values of the underlyings on specified review dates. If the closing value of any underlying is at or above its interest barrier (65% of its initial value), investors will receive a contingent interest payment of at least $10.3333 per $1,000 principal amount note, equivalent to an annual rate of at least 12.40%. However, if the value falls below the interest barrier, no payment will be made for that review date.

The product has a pricing date of October 7, 2026, with an original issue date of October 13, 2026. It features a series of review dates and interest payment dates spanning from November 2026 to September 2028, with a maturity date set for September 12, 2028. JPMorgan Chase & Co. retains the option to redeem the notes early on any interest payment date, except the first, second, and final dates.

At maturity, if the final value of each underlying is at or above its trigger value (60% of its initial value), investors will receive their principal plus any applicable contingent interest payment. If any underlying falls below the trigger value, investors may lose more than 40% of their principal, with the potential to lose all of it. The least performing underlying will determine the return.